Bitfarms Sells Paraguay Data Center to Focus on North American AI Infrastructure
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 12h ago
0mins
Source: Fool
- Market Focus: Bitfarms recently sold its Paraguay data center for up to $30 million, aiming to free up capital and resources to concentrate on its projects in the U.S., particularly in Pennsylvania, Washington, and Canada, which is expected to enhance its competitiveness in the North American AI infrastructure market.
- Energy Assets: Bitfarms currently holds a 2.1 gigawatt energy portfolio, and while not all of it is energized yet, the company has begun generating revenue, with its pivot to AI data center infrastructure already validated by the market, indicating strong growth potential.
- Financial Position: As of Q3 2025, Bitfarms holds 1,827 Bitcoin valued at approximately $165 million, along with about $637 million in cash, providing ample funding support for building and energizing its data centers, further solidifying its market position.
- Future Plans: Bitfarms plans to complete the conversion of its Washington site to an AI data center by December 2026, which will add 18 megawatts to its energy portfolio; although the conversion is costly in the short term, it is expected to yield substantial annual recurring revenue, enhancing the company's profitability.
Analyst Views on BITF
Wall Street analysts forecast BITF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BITF is 6.00 USD with a low forecast of 4.00 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 2.890
Low
4.00
Averages
6.00
High
7.00
Current: 2.890
Low
4.00
Averages
6.00
High
7.00
About BITF
Bitfarms Ltd. is a Canada-based global Bitcoin and vertically integrated data center company that sells its computational power to one or more mining pools from which it receives payment in Bitcoin. It develops, owns, and operates vertically integrated mining facilities with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. Its proprietary data analytics system delivers operational performance and uptime. The Company operates through the cryptocurrency mining segment. The activities of the Company mainly consist of selling its computational power used for hashing calculations for the purpose of cryptocurrency mining in multiple jurisdictions. Volta, a wholly owned subsidiary of the Company, assists the Company in building and maintaining its data centers. The Company operates Bitcoin data centers in four countries: the United States, Canada, Paraguay, and Argentina.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
